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Economy in Farmington, Minnesota

Overview, People, Health, Economy, Housing, Rankings, Climate
Crime, Comments, Transportation, Cost of Living, Religion, Voting

EconomyFarmington, MNUnited States
Unemployment Rate4.80%8.60%
Recent Job Growth-0.14%0.35%
Future Job Growth34.92%32.10%
Sales Taxes6.50%5.00%
Income Taxes7.05%4.70%
Income per Cap.$26,508$26,154
Household Income$70,869$50,935
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K4.60%12.37%
Income between 15K and 25K4.18%10.53%
Income between 25K and 35K6.86%10.88%
Income between 35K and 50K11.57%15.37%
Income between 50K and 75K27.69%20.14%
Income between 75K and 100K21.60%12.41%
Income between 100K and 150K16.84%11.27%
Income between 150K and 250K5.02%5.01%
Income between 250K and 500K1.46%1.86%
Income greater than 500K0.15%0.16%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations15.58%14.04%
Professional and Related Occupations18.59%20.61%
Service10.83%14.45%
Sales and Office27.52%26.75%
Farming, Fishing, and Forestry0.31%0.70%
Construction, Extraction, and Maintenance12.57%9.42%
Production, Transportation, and Material Moving14.60%14.05%


Median Household Income

The unemployment rate in Farmington, MN, is 4.80%, with job growth of -0.14%. Future job growth over the next ten years is predicted to be 34.92%.

Farmington, MN Taxes

Farmington, MN,sales tax rate is 6.50%. Income tax is 7.05%.

Farmington, MN Income and Salaries

The income per capita is $26,508, which includes all adults and children. The median household income is $70,869.


Farmington Economy SperlingViews

Farmington maybe, maybe not: Farmington; is a nice area to live kinda has a country feel but is still in a convent location, only problem is it is very inbreed they want to keep growing but not... (read more)Have an opinion about Farmington? Leave a commentTo See All SperlingViews for Farmington Click Here